It is intended that the maintenance of plan F not affect the rate of either member or employer contributions to the retirement system. The board may set a rate of regular interest credited to contributions to the prior plan made with respect to members participating in plan F that is different than the rate of regular interest credited to contributions made with respect to members not participating in plan F, if necessary to effectuate that intent.
(Added by Stats. 1989, Ch. 1300, Sec. 1. Effective October 1, 1989.)
Last modified: October 25, 2018